World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Bayer: Pressure on Prices Has Bad Side Effects
Keywords:
Tags: Pharmaceutical, Germany,
Bayer AG CEO Marijn Dekkers talks to the Journal's Geoffrey Rogow about the company's pharmaceuticals business and job retention. Dekkers says profits are reduced by the tight budgets of European governments and the pressure on pricing. He cites the 16% mandatory rebate in Germany on prescriptions. For Bayer diversification through the chemicals business offers a way to handle the ups and downs in the pharmaceuical business with patent expiration. He is not interested in acquisitions because of the high premium involved and the difficulty of recovering this for investors. Bayer like other drug companies has extensive operations in China. Bayer is training salespersons in top and second tier Chinese cities. It has a program to train 10,000 physicians in rural areas of China working with the local government. Dekkers makes an interesting point about jobs and job retention in the U.S. He says a lot of jobs were outsourced in the 1990's and its difficult to bring them back. Germany has done a better job with job retention with "kurzarbeit" and other programs working in partnership with industry. In his view this could have been managed better in the U.S. with active programs such as this in the last two decades.
A German view by Bayer CEO Dekkers on "kurzarbeit" and tackling jobs swings in recession- how Germany tackles this better than the U.S.
02/07/2012
Grouped Articles
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
French Attempt at German-Style Labor Reform Flounders
Wall Street Journal 12/05/2014
Hassett and Baker on the importance of German style work sharing programs and training with government help to address U.S. unemployment
06/06/2009
"Kurzarbeit" and work sharing helped Germany deal with stubborn unemployment in the last decade and after the 2008 financial crisis. France is already looking at cooperation between industry, unions an government to reduce unemployment by adopting some of the actions taken in Germany.
Grouped Articles
Jamie Dimon’s harried JPMorgan Chase pushes campaign for worker training - The Washington Post
Washington Post 01/03/2014
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
German-Style Training for American Factory Workers
Wall Street Journal 09/10/2014
French Attempt at German-Style Labor Reform Flounders
Wall Street Journal 12/05/2014
The Human Disaster of Unemployment
New York Times 05/12/2012
Comparitive advantage, free trade, jobs and the role of manufacturing in the U.S.
07/01/2010
Grouped Articles
Does America Need Manufacturing?
New York Times 08/24/2011
Andy Grove: How America Can Create Jobs
BusinessWeek 07/01/2010
Wall Street Journal 10/02/2010
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
A part-timer boom, or blip? - The Washington Post
Washington Post 07/16/2014
Why Manufacturing Still Counts in the U.S. Economy
Wall Street Journal 01/14/2015
The job crisis for employment of men in the U.S.
03/14/2009
The participation rate in the job market for men between 16-64 is dropping over time. It was 85% in the 1950's and has dropped continually after each recession. It is now at 65%. More and more men simply drop out of the labor market after failing to find jobs, creating a disturbing trend for the country. This does not show up in improving unemployment statistics.
Grouped Articles
Job Growth Eases Fears About Effect of Closing
New York Times 11/08/2013
Candid Criticism for Fed That Wasnât on the Agenda
New York Times 11/08/2013
Women Reach a Milestone in Job Market
Wall Street Journal 11/18/2013
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
High U.S. unemployment and the haphazard effort for jobs retraining in the U.S. - 2009-2013
06/06/2009
Grouped Articles
Jamie Dimon’s harried JPMorgan Chase pushes campaign for worker training - The Washington Post
Washington Post 01/03/2014
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
Piecing Together the Job-Picture Puzzle
Wall Street Journal 03/12/2012
Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
The world economy: Wealth without workers, workers without wealth
Economist 10/06/2014
Amy Goldstein on life and work in U.S. communities with a eroding manufacturing base such as Janesville, Wisconsin
04/07/2009
Grouped Articles
Andy Grove: How America Can Create Jobs
BusinessWeek 07/01/2010
Wall Street Journal 10/02/2010
China's Export Pain May Be Mexico's Gain
Wall Street Journal 02/06/2012
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
New York Times 02/08/2012
Economy Falling Years Behind Full Speed
New York Times 04/07/2009
Manufacturing and Innovation
07/01/2010
How a decline in manufacturing, which the U.S. has experienced, depresses innovation capabilities. Germany and Japan have tried to maintain manufacturing strengths.
Grouped Articles
Does America Need Manufacturing?
New York Times 08/24/2011
Andy Grove: How America Can Create Jobs
BusinessWeek 07/01/2010
In New Books, a Look at People and Places That Innovate
New York Times 09/04/2010
Wall Street Journal 10/02/2010
Boeing Teams Speed Up 737 Output
Wall Street Journal 02/07/2012
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
Bayer AG management
02/07/2012
Grouped Articles
Merck Sells Consumer Care Business to Bayer
New York Times 05/06/2014
Bayer Plans to Separate MaterialScience Business
Wall Street Journal 09/18/2014
Bayer’s CEO Injects a Dose of U.S. Risk-Taking
Wall Street Journal 04/04/2015
Bayer Lowers Sales Outlook Despite 21% Rise in 3Q Profit
Wall Street Journal 10/30/2015
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
EBay Acquires Payments Start-Up Card.io to Bolster PayPal
Wall Street Journal 07/17/2012
Germany's "kurzarbeit" and government-business cooperation to tackle cyclical swings in the economy
07/29/2010
About half a million jobs were saved by one estimate through the German government sharing the costs of labor retention with industry during the last downturn. The program is known as "kurzarbeit" in Germany and is accepted by the German public, workers and business as a better way to handle the cyclical swings in the economy. The lack of a similiar program in the U.S. means a larger loss of jobs in the U.S., which is being painfully felt in 2011-2012. U.S. programs focussed on a stimulus measure and government spending, not on a program of joint cooperation between industry and government such as "kurzarbeit." There is no history of such cooperation in the U.S. and the government is seen more in the sense of intervention than cooperation with industry.
Grouped Articles
The Price of Saving Jobs in Germany
BusinessWeek 07/29/2010
Where Germany, U.S. differ: How much should government steer the economy? - The Washington Post
Washington Post 06/08/2011
Fixing America's Economy: Nine Ideas from Around the World
BusinessWeek 06/08/2011
Growth in Euro Zone Stalls, Slowing Debt Crisis Solution
New York Times 08/16/2011
Germany reaps rewards of entitlement cuts - The Washington Post
Washington Post 09/20/2011
Wall Street Journal 11/21/2011
Germany's Kurzarbeit plan and other methods of softening the impact of a recession on jobs and wages.
10/28/2006
About 1.5 million employees used the Kurzarbeit short work week schedules according to the German labor agency. In the latest month March 2010, 693,000 workers were on the Kurzarbeit short week schedule.
Grouped Articles
The Price of Saving Jobs in Germany
BusinessWeek 07/29/2010
Germany's economy: Angela in Wunderland
Economist 02/05/2011
Fixing America's Economy: Nine Ideas from Around the World
BusinessWeek 06/08/2011
Wall Street Journal 11/21/2011
The Age of the Superfluous Worker
New York Times 11/24/2011
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
Unemployment in Germany 2009-2013
01/04/2008
The role of "kurzarbeit" programs, work sharing, the changes from the Hartz reforms, and wage restraint in reducing German unemployment.
Grouped Articles
'Minijobs' Lift Employment But Mask German Weakness
Wall Street Journal 05/29/2013
The Next First (and Only) 100 Days
New York Times 12/10/2011
German elections pit Merkel, challenger over poverty problems - The Washington Post
Washington Post 09/17/2013
German Minimum Wage Plan Gains Backing From Businesses
Wall Street Journal 03/29/2014
Germany Regains Jobs Lost in Recession
Wall Street Journal 07/30/2010
The Price of Saving Jobs in Germany
BusinessWeek 07/29/2010
GE (General Electric), Jobs, Global Competitiveness and the U.S. Economy
01/26/2011
GE and job creation.
Grouped Articles
Wall Street Journal 01/26/2011
Wall Street Journal 04/21/2011
Global crisis calls for G-20 growth pact - The Washington Post
Washington Post 08/11/2011
GOP Candidates Get New Impetus to Push Job Plans
Wall Street Journal 09/03/2011
Wall Street Journal 09/06/2011
A Waiting Game at Finance Unit
Wall Street Journal 09/06/2011
Export of manufacturing jobs from the U.S.
07/01/2010
Grouped Articles
Does America Need Manufacturing?
New York Times 08/24/2011
Andy Grove: How America Can Create Jobs
BusinessWeek 07/01/2010
Whirlpool Shifts Some Production to U.S. From Mexico
Wall Street Journal 12/20/2013
Wall Street Journal 10/02/2010
A part-timer boom, or blip? - The Washington Post
Washington Post 07/16/2014
Why Manufacturing Still Counts in the U.S. Economy
Wall Street Journal 01/14/2015
A realization that the idea of America transitioning to a services based economy without impairing jobs was fundamentally wrong
04/17/2006
The need for a strong and growing manufacturing base in the U.S. is one key realization for business leaders from the heads of Boeing, Intel and GE, and other business leaders to leaders in government. Failure to do this simply breeds a sense of pessimism about the future and creates an economy that leaves many productive people jobless, creates unsustainable trade deficits and foreign borrowing. Jeffrey Immelt says this in an op-ed piece in the Washington Post on the day he is appointed to head the President's Council on Jobs.
Grouped Articles
Does America Need Manufacturing?
New York Times 08/24/2011
Andy Grove: How America Can Create Jobs
BusinessWeek 07/01/2010
Wall Street Journal 10/02/2010
New York Times 02/08/2012
Growth isn’t enough to help the middle class - The Washington Post
Washington Post 02/14/2013
Why Manufacturing Still Counts in the U.S. Economy
Wall Street Journal 01/14/2015
U.S. manufacturing 2010-2015
04/07/2009
Grouped Articles
Does America Need Manufacturing?
New York Times 08/24/2011
Andy Grove: How America Can Create Jobs
BusinessWeek 07/01/2010
Whirlpool Shifts Some Production to U.S. From Mexico
Wall Street Journal 12/20/2013
Wall Street Journal 10/02/2010
Economy Falling Years Behind Full Speed
New York Times 04/07/2009
Why Manufacturing Still Counts in the U.S. Economy
Wall Street Journal 01/14/2015
Competitiveness of Italy- lessons from the experience of Germany with labor-industry and government cooperation 2000-2010
10/28/2006
The "kurzarbeit" program in Germany and lessons for the erurozone.
Grouped Articles
The Next First (and Only) 100 Days
New York Times 12/10/2011
Italy’s train wars show the bumpy ride into competition - The Washington Post
Washington Post 10/29/2013
Germany's Secret Economic Weapon: a Vast Export Network
Wall Street Journal 11/19/2013
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
Departing EADS Chief Urges Europe to Recommit to Industry
New York Times 04/12/2012
Can Italy Find Its Way? Resistance to Change Means Slow Recovery
Wall Street Journal 04/30/2014
Wage flexibility by labor unions in France as part of an effort to improve competitiveness and reduce unemployment
10/28/2006
Sarkozy, Hollande and the unions are in agreement on adopting some aspects of what Germany did to reduce high unemployment in the last decade- adjusting wages and benefits in recessionary periods to avert layoffs. The German "kurzarbeit" program is more elaborate and France has to make more progress to adopt that type of arrangement, but the direction is clear and has popular support in France in 2012-2013.
Grouped Articles
Wall Street Journal 05/29/2013
The Next First (and Only) 100 Days
New York Times 12/10/2011
A Proud Nation Ponders How to Halt Its Slow Decline
New York Times 08/24/2013
Americanized Labor Policy Is Spreading in Europe
New York Times 12/03/2013
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
Departing EADS Chief Urges Europe to Recommit to Industry
New York Times 04/12/2012
Faces of men who are unemployed or in part time work in the U.S. as one sixth of men 25-54 lack jobs in 2014
02/07/2012
The sharp decline in inflation adjusted wages for less skilled workers since 2000 and lack of decent paying jobs has led to many men too discouraged to look for work, and dependent on a spouse's income or government benefits. This is unlike any other post 1950's economic recovery in the U.S.
Grouped Articles
More Men in Prime Working Ages Don't Have Jobs
Wall Street Journal 02/06/2014
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
New York Times 02/08/2012
Hiring Rises, but Number of Jobless Stays High
New York Times 04/04/2014
Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones
New York Times 04/27/2014
A part-timer boom, or blip? - The Washington Post
Washington Post 07/16/2014
Structural solutions for U.S. jobs growth and economic growth- 2011-2020
01/04/2010
Michael Spence and other experts discuss longer term solutions to the high unemployment facing the U.S.
Grouped Articles
Uncertainty Is the Enemy of Recovery
Wall Street Journal 04/28/2013
Confronting Old Problem May Require a New Deal
New York Times 01/28/2014
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
The world economy: Wealth without workers, workers without wealth
Economist 10/06/2014
Why the Old Jobs Aren't Coming Back
Wall Street Journal 06/24/2011
Middle-Aged Job Hunters Struggle in Weak Recovery
Wall Street Journal 07/30/2011
Lawrence Katz on the three jobs crises facing the U.S., and what needs to be done for job creation
12/10/2011
Grouped Articles
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
The Next First (and Only) 100 Days
New York Times 12/10/2011
New York Times 01/26/2012
New York Times 01/28/2012
Piecing Together the Job-Picture Puzzle
Wall Street Journal 03/12/2012
Gramm and Hubbard: What a Romney Recovery Might Look Like
Wall Street Journal 06/06/2012
Anthony Liveris, Dow Chemical CEO, on ways to revive Manufacturing in the U.S.
07/01/2010
Grouped Articles
Does America Need Manufacturing?
New York Times 08/24/2011
Andy Grove: How America Can Create Jobs
BusinessWeek 07/01/2010
Whirlpool Shifts Some Production to U.S. From Mexico
Wall Street Journal 12/20/2013
Wall Street Journal 10/02/2010
China's Export Pain May Be Mexico's Gain
Wall Street Journal 02/06/2012
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
Bayer AG strategies
01/11/2012
Grouped Articles
Merck Sells Consumer Care Business to Bayer
New York Times 05/06/2014
Bayer Plans to Separate MaterialScience Business
Wall Street Journal 09/18/2014
Bayer’s CEO Injects a Dose of U.S. Risk-Taking
Wall Street Journal 04/04/2015
Silicon Valley Firms Plant Roots in Farm Belt
Wall Street Journal 04/07/2015
Monsanto, Bayer Join Venture-Capital Push
Wall Street Journal 04/07/2015
Bayer Lowers Sales Outlook Despite 21% Rise in 3Q Profit
Wall Street Journal 10/30/2015
Bayer AG performance
02/07/2012
Grouped Articles
Merck Sells Consumer Care Business to Bayer
New York Times 05/06/2014
Bayer Plans to Separate MaterialScience Business
Wall Street Journal 09/18/2014
Bayer’s CEO Injects a Dose of U.S. Risk-Taking
Wall Street Journal 04/04/2015
Bayer Lowers Sales Outlook Despite 21% Rise in 3Q Profit
Wall Street Journal 10/30/2015
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
Bayer Acquires Schiff for $1.2 Billion
Wall Street Journal 10/31/2012
Germany's labor, welfare system and entitlement reforms and lessons for the U.S. and Europe.
10/28/2006
The "kurzarbeit" program, work sharing and other measures taken in Germany.
Grouped Articles
The Price of Saving Jobs in Germany
BusinessWeek 07/29/2010
French Attempt at German-Style Labor Reform Flounders
Wall Street Journal 12/05/2014
Germany reaps rewards of entitlement cuts - The Washington Post
Washington Post 09/20/2011
Amid crisis, Italy confronts a culture of tax evasion - The Washington Post
Washington Post 11/25/2011
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
Even Critics of Safety Net Increasingly Depend on It
New York Times 02/11/2012
Kurzarbeit and other programs in Germany that reduce unemployment with government subsidizing shorter work weeks.
01/04/2008
Grouped Articles
The Price of Saving Jobs in Germany
BusinessWeek 07/29/2010
Economist 10/01/2009
German Workers' Wages Belie Country's Rebound
Wall Street Journal 08/17/2010
BusinessWeek 02/02/2011
Germany's economy: Angela in Wunderland
Economist 02/05/2011
Fixing America's Economy: Nine Ideas from Around the World
BusinessWeek 06/08/2011
Andy Grove and the scaling up at home that American companies need to do.
05/29/2010
Andy Grove brushes off talk of sending technologies and jobs much needed at home to China, with the talk he hears of "a China strategy." He doesn't see how an America with high paying jobs and mass of unemployed could work. He says American companies have failed to scale up, the way Intel did in the seventies. For every Apple employee there are 10 employees in China working on Mac's, Iphones, and Ipads. The idea of manufacturing as not important is misguided and he would like to see America rebuild its industrial base.
Grouped Articles
Wall Street Journal 05/29/2010
Wall Street Journal 10/02/2010
Apple Says App Store Sales Rose 50% in 2014
Wall Street Journal 01/09/2015
After Michigan Loss, Hillary Clinton Sharpens Message on Jobs and Trade
New York Times 03/09/2016
Andy Grove: How America Can Create Jobs
BusinessWeek 07/01/2010
Yuan Revaluation for China's Own Sake
Wall Street Journal 10/02/2010
U.S. manufacturing cost-competitiveness with China and Mexico leading to the return of outshored manufacturing jobs
07/01/2010
Grouped Articles
China Manufacturers Survive by Moving to Asian Neighbors
Wall Street Journal 05/02/2013
China Factories Try Karaoke, Speed Dating to Keep Workers
Wall Street Journal 05/03/2013
Does America Need Manufacturing?
New York Times 08/24/2011
Mexico, China Seek to Jump-Start Trade
Wall Street Journal 06/04/2013
Strains Show in China's Job Market
Wall Street Journal 06/11/2013
Robots May Revolutionize China's Electronics Manufacturing
Wall Street Journal 09/24/2013
Manufacturing activity in the U.S. 2012-2013
01/19/2011
Grouped Articles
Does America Need Manufacturing?
New York Times 08/24/2011
Whirlpool Shifts Some Production to U.S. From Mexico
Wall Street Journal 12/20/2013
World's Factories Pick Up the Pace
Wall Street Journal 02/02/2012
Do Manufacturers Need Special Treatment? - Economic View
New York Times 02/04/2012
China's Export Pain May Be Mexico's Gain
Wall Street Journal 02/06/2012
Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
The special role of manufacturing in keeping the U.S. economy strong.
07/01/2010
Grouped Articles
Does America Need Manufacturing?
New York Times 08/24/2011
Andy Grove: How America Can Create Jobs
BusinessWeek 07/01/2010
Wall Street Journal 10/02/2010
Why Manufacturing Still Counts in the U.S. Economy
Wall Street Journal 01/14/2015
Strong Dollar Stands in Manufacturing Sector’s Way
Wall Street Journal 03/16/2015
U.S. Car-Making Boom? Not for Auto-Industry Workers
Wall Street Journal 03/24/2015
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us